Showing 141 - 150 of 25,820
This paper examines the trade and trade-induced welfare effects of high oil prices. Using a gravity model of trade we …
Persistent link: https://www.econbiz.de/10010820340
This paper derives a micro-founded gravity equation based on a translog demand system that allows for flexible … substitution patterns across goods. In contrast to the standard CES-based gravity equation, translog gravity generates an … trade flows predicted to be zero. I test the translog gravity equation and find empirical evidence that is in many ways …
Persistent link: https://www.econbiz.de/10011126685
advantage of allowing me to solve a product-level conceptual model with little data beyond what is used in a standard gravity …
Persistent link: https://www.econbiz.de/10011068615
Language is a strong and robust determinant of international trade patterns: Countries sharing a common language trade significantly more with each other than countries using different languages, holding other factors constant. In this paper, we show that this trade-promoting effect of language...
Persistent link: https://www.econbiz.de/10011079240
Replaced with revised version of paper 07/16/07.
Persistent link: https://www.econbiz.de/10005476740
This paper develops a method to measure difficulties in market access over a large set of industries and countries (both developing and developed), during the period 1980-2006. We use a micro-founded heterogeneous-consumers model to estimate the impact of national borders on global and regional...
Persistent link: https://www.econbiz.de/10011083529
This paper derives a micro-founded gravity equation based on a translog demand system that allows for flexible … substitution patterns across goods. In contrast to the standard CES-based gravity equation, translog gravity generates an … trade flows predicted to be zero. I test the translog gravity equation and find empirical evidence that is in many ways …
Persistent link: https://www.econbiz.de/10011083929
Persistent link: https://www.econbiz.de/10012588143
this extensive margin) alters the standard gravity equation. In particular, it reverses the previously predicted effect the …
Persistent link: https://www.econbiz.de/10010292883
added flows. This fact has important implications for the estimation of the gravity equation. We present empirical evidence … that the standard gravity equation performs poorly by some measures when it is applied to bilateral flows where parts and … components trade is important. We also provide a simple theoretical foundation for a modified gravity equation that is suited to …
Persistent link: https://www.econbiz.de/10011605446